Filing Flows › enCore Energy (EU) › Q4 2024
enCore Energy (EU) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 3, 2025
enCore Energy (EU) reported revenue of $13.4M for the fourth quarter 2024 (Q4 2024) and +44% from the quarter before. Operating margin was -150.3%, net loss $19.1M (142.8% of revenue).
enCore Energy, Q4 2024: revenue $13.4M, operating margin -150.3%, net loss $19.1M, operating cash flow $387K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4M | +44% | — |
| Operating profit | −$20.1M | — | — |
| Net earnings | −$19.1M | — | — |
| Operating cash flow | $387K | — | — |
What changed
Revenue was $13.4M in Q4 2024, up 44% from the previous quarter.
Operating costs exceeded revenue by $20.1M, an operating margin of -150.3%. The quarter ended with a net loss of $19.1M, wider than the previous quarter's $18.3M loss. Minority interests bore $2.0M of it: to shareholders the quarter was a loss of $17.1M.
Operating cash flow was $387K. Non-cash charges added back $2.2M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $15.8M. Capital expenditures of $6.1M exceeded it, leaving free cash flow of −$5.7M.
Questions
What was enCore Energy's revenue in the fourth quarter 2024?
enCore Energy (EU) reported revenue of $13.4M for the fourth quarter 2024 (Q4 2024) and +44% from the quarter before.
Was enCore Energy profitable in the fourth quarter 2024?
Operating loss was $20.1M (-150.3% of revenue) and net loss $19.1M.
Source: enCore Energy 10-K on SEC EDGAR.